Ender raises $7M Seed funding to disrupt $76 billion property management industry
With the declining homeownership, the demand for property management continues to accelerate. In 2019 alone, the industry generates $75 billion in revenue. Unlike other industries, property management is still being done the old fashioned way. Running a property management company is operationally intensive and requires a back-office that can handle everything from full service leasing, maintenance, to rent collection. Property management is ripe for technological disruption.
Enter Ender, a real estate startup company that is on a mission to transform the property management industry and helps owners of rental homes to more efficiently handle day-to-day operations of property management. On Monday, Ender announced it has $7M in seed funding to make it easier to be a landlord.
Founded in June 2019 by Jason Mirra and Jonathan Lonsdale, the Austin, Texas-based Ender is a real estate company that helps owners of rental homes to more efficiently handle day-to-day operations of property management. Its platform aims at streamlining the rental property management process.
Ender provides a management platform that uses smart home technology and hospitality sensibilities to bring efficiency and elevated tenant experiences to the rental market. The company uses a technology to streamline the leasing process that involves automating responses to tenant inquiries, providing access to secure self-showings, bringing the application process, and rent paying online.
Ender covers everything from full service leasing, maintenance, to rent collection. It also coordinate maintenance requests, on-demand self-showings, lease applications, background/credit checks, seamless rent collection, and accounting are all handled digitally.
Ender’s software also allows it to effectively market apartment unit on 80+ listing websites and quickly respond to hundreds of prospective tenant inquiries. Ender also handles the tenant screen process. It vets prospective tenants, qualified prospects are able to see the unit and seamlessly submit an online application.